Boosted by a 4.4% increase in closed sales during November compared to the like month last year, Capital Region home sales are on pace to surpass 2013 totals by the end of the year.
With one month of sales left to report, the eight-parish region has tallied 8,203 closed deals so far this year, according to the latest monthly report from the Greater Baton Rouge Association of Realtors. That’s 2.8% better than year-to-date sales of 7,982 through November last year, and it’s just 483 fewer sales than the 8,690 total recorded for all of 2013. As long as the eight-parish region doesn’t see a significant decline in sales this month compared to sales last December, when there were 553 recorded transactions, the 2014 total should eclipse the 2013 total. The 630 pending sales recorded in November suggests a decline in sales this month isn’t likely.
Daily Report has the full story.
